ICSAN Secretarial Practice case studies
ICSAN Secretarial Practice · Put your knowledge to work in context.
The ICSAN Secretarial Practice paper is a core professional examination of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), the body that qualifies and regulates chartered secretaries and governance professionals in Nigeria. It sits within the ICSAN professional examination ladder and is designed for candidates who already have grounding in law and management and are moving toward chartered status. The ICSAN Secretarial Practice case studies are 5 cases and about 3,614 words.
1The Annual General Meeting That Never Had a Quorum
Kola Adeyemi is company secretary of Zephyr Logistics Nigeria Limited, a private company with 38 members whose articles fix the quorum for general meetings at three members present in person or by proxy. On 3 March the board resolved to hold the annual general meeting on 24 March.
805 words, about 4 min2An Allotment at a Discount and a Refused Transmission
Northbridge Agro Limited is a private company with five shareholders: Bello 40%, Okafor 25%, Ade 15% and two employee trusts 10% each. The articles contain pre-emptive rights on any issue of new shares.
753 words, about 4 min3The Audit Exemption That Did Not Apply
Greenfield Foods Limited is a private company incorporated in 2016. Its 2023 financial statements showed turnover of N480 million and net assets of N180 million.
700 words, about 4 min4Statutory Demand, a Connected-Party Sale and a Race for Assets
Delta Steel Works Limited has a N900 million term loan from Abuja Bank secured by a floating charge over all its assets, trade payables of N240 million and unpaid salaries of N35 million. Its only significant free asset is a warehouse valued at N480 million by an independent valuer.
748 words, about 4 min5Apparent Authority, a Secret Commission and a Summary Dismissal
Halcyon Retail Limited's procurement manual requires board approval for any purchase above N5 million. Its Head of Procurement, Emeka, has never held a board resolution, but the company website and letterhead describe him as Head of Procurement authorised to commit the company.
608 words, about 3 min